PKG stock: buy or sell?

PKG stock price: $113.68 0.01% At close on November 19th, 2019

Updated on:
November 19th, 2019

4

Packaging Corporation of America shares stayed stable 0.01% to $113.68 today.

Packaging Corporation of America manufactures and sells containerboard and corrugated packaging products primarily in the United States.

Should I buy PKG stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Packaging Corporation of America stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean PKG will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Packaging Corporation of America stock a buy?

Financial institutions and banks post stock ratings everyday. At Stocks2.com, we collected 7 ratings published for PKG stock in the last month.

Is PKG a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-15KeyCorpSector WeightUnderweight
2019-7-12Seaport Global SecuritiesBuyNeutral
2019-6-24UBS Groupn/aBuy
2019-5-15UBS Groupn/aBuy
2019-4-5Bank of AmericaBuyBuy
2019-4-25KeyCorpn/aHold
2019-4-16Bank of AmericaBuyNeutral

PKG stock analysis

Daily outlook

Shares of Packaging Corporation of America ended today at $113.68 and stayed stable a tight 0.01%.

Packaging Corporation of America shares stayed stable 0.01% to $113.68 today. From a daily outlook perspective, PKG is drawing an uptrend of rising tops and rising bottoms. Since its last top on Nov 12th at $114.78, price slid and found support around $112.15. Breaking down under $112.15 would cancel the current uptrend and it might slide further to test lower supports. Note that $114.78 might act as a resistance line. If Packaging Corporation of America breakouts over $114.78 with average or higher volume, this would be a signal that the uptrend resumes. Since SMA50d and SMA100d crossed up on August, PKG price climbed $13.91 per share (13.94%). Since July when PKG stock price broke up the SMA100d line, it gained $19.06 (20.14%).

PKG stock chart (daily)

Weekly outlook

Shares of Packaging Corporation of America closed this week at $113.68 and appreciated a slightly good 0.91%. Early October PKG boosted an impressive 5.48% in just one week.

Packaging Corporation of America stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Since late May when SMA20w and SMA40w crossed up, PKG price gained $24.08 per share (26.88%). Stocks under the 200d moving average line are usually not recommended for average traders.

PKG stock chart (weekly)

PKG stock price history

PKG IPO was on January 28th, 2000 at $6.99 per share1. Since then, PKG stock surged a 1,526.30%, with an average of 80.30% per year. If you had invested right after PKG's IPO a $1,000 in PKG stock in 2000, it would worth $15,263.00 today.

1: Adjusted price after possible price splits or reverse-splits.

PKG stock historical price chart

PKG stock reached 52-week highs on November/12 at $114.78, and all-time highs 2018-01-26 with a price of 124.63.

PKG stock price target is $104.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 4 price predictions for Packaging Corporation of America stock:
PKG stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-15KeyCorpDowngradesn/a$89.00-
2019-6-24UBS GroupSet Price Targetn/a$106.00-
2019-5-15UBS GroupInitiatesn/a$109.00-
2019-4-5Bank of AmericaReiterates$105.00$112.006.7%
(in average)$105.00$104.00-1.0%
The price forecast for Packaging Corporation of America stock is $104.00, moving in a range between $112.00 and $89.00. In average, analysts' outlook on PKG price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last April, when Packaging Corporation of America presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
PKG earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.52n/a
2017-Q32017-10-251.681.680.0%
2017-Q42018-01-301.511.563.3%
2018-Q12018-04-241.531.551.3%
2018-Q22018-07-251.972.085.6%
2018-Q32018-10-242.152.233.7%
2018-Q42019-01-292.152.170.9%
2019-Q12019-04-221.97n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw an excellent gain of 8.84% to $7,014.60 M dollars. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) remained steady a 0.15% to 10.52%.

To have an updated view of the financial situation of Packaging Corporation of America, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Packaging Corporation of America TTM sales up to March 2019 were $7,057.60 and earnings were $784.70 M dollars. When comparing this TTM figures with the last reported annuality, we can esteem Packaging Corporation of America business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, stayed steady a slightly good 0.61%. Regarding profit margin, Packaging Corporation of America stayed constant 0.60% to 10.52%

PKG annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,670 M-$436 M11.9%-
2014$5,853 M59.47%$393 M6.7%-10.01%
2015$5,742 M-1.89%$437 M7.6%11.26%
2016$5,779 M0.65%$450 M7.8%2.93%
2017$6,445 M11.52%$669 M10.4%48.71%
2018$7,015 M8.84%$738 M10.5%10.38%
TTM $7,058 M0.61%$785 M11.1%6.33%

Quarterly financial results

Packaging Corporation of America posted $1,733.70 million in revenues for 2019-Q1, a -0.73% less compared to previous quarter. Reported quarter income marked $186.80 M with a profit margin of 10.77%. Profit margin stayed stable a -0.94% compared to previous quarter when profit margin was 11.71%. When comparing revenues to same quarter last year, Packaging Corporation of America sales marked a slightly fine increase and appreciated a 2.55%. Looking back to recent quarterly results, Packaging Corporation of America posted 2 negative quarters in a row.
PKG quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,580 M-$142 M9.0%-
2017-Q3$1,640 M3.80%$138 M8.4%-2.82%
2017-Q4$1,684 M2.70%$269 M16.0%94.86%
2018-Q1$1,691 M0.37%$140 M8.3%-47.90%
2018-Q2$1,768 M4.55%$187 M10.6%33.19%
2018-Q3$1,810 M2.40%$207 M11.4%10.77%
2018-Q4$1,747 M-3.50%$205 M11.7%-1.02%
2019-Q1$1,734 M-0.73%$187 M10.8%-8.70%

Packaging Corporation of America ownership

When you are planning to buy shares of a stock, it's worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Packaging Corporation of America, 1.24% of all outstanding shares are owned by its staff.

Bearish positions for PKG stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Packaging Corporation of America:

PKGCLWGLTGPKIP
Market cap$10.8 B$343.1 M$790.6 M$4.8 B$18.0 B
Total shares94.7 M16.5 M44.2 M290.3 M392.1 M
Float shares92.5 M16.2 M43.1 M287.7 M385.8 M
  - Institutional holdings (%)89.6%89.5%102.7%118.9%83.5%
  - Insider holdings (%)1.2%3.0%2.0%0.8%0.3%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

PKG summary

Tuesday, November 19th, 2019
Open$113.79
Close$113.68
Day range$112.84 - $113.83
Previous close$113.67
Session gain0.01%
Average true range$1.61
50d mov avg$108.08
100d mov avg$103.76
200d mov avg$99.56
Daily patternlb03a
Weekly pattern lt06a

Packaging Corporation of America performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Packaging Corporation of America, the comparison is made against Clearwater Paper, , Graphic Packaging, International Paper and Westrock.
Stock3m6m12m
PKG16.75%26.88%22.78%
CLWClearwater Paper32.72%15.71%-25.72%
GLT30.37%20.54%43.78%
GPKGraphic Packaging26.05%30.43%43.48%
IPInternational Pap...23.97%9.87%6.97%
WRKWestrock24.97%17.54%-7.48%

Packaging Corporation of America competitors

One check before investing in any stock is to review a list of its competitors, in this case for Packaging Corporation of America. We picked 5 companies as Packaging Corporation of America competitors as they are in the same industry or have similar market objectives.

Latest PKG stock news